Clean Electricity Regulations: Attract investment in Canada

The Canadian government has recently announced the Clean Electricity Regulations, which are expected to be the cornerstone of a prosperous economic future for Canadians. The regulations aim to accelerate progress in fighting climate change while putting the country in a stronger position to attract new investment, create jobs in growing sectors, and make energy more affordable.

The reality of climate change hit home this summer, with millions of Canadians experiencing wildfire smoke, flooding, and extreme weather. These experiences are creating a growing understanding that accelerating the transition to a new energy mix is essential to slow global warming. Canada’s future climate progress depends on clean electricity, and switching to 100 percent non-emitting power will be a major part of our global contribution to lowering emissions.

The Importance of Clean Electricity Regulations

The Clean Electricity Regulations are expected to help drive progress towards a net-zero electricity grid by 2035. The regulations are a roadmap toward achieving net-zero GHG emissions economy-wide by 2050.

G7 countries have committed to net-zero electricity by 2035, and the U.S. is doubling down on clean growth with substantial incentives and new regulations. The Clean Electricity Regulations are expected to put the country in a stronger position to attract new investment, create good jobs in growing sectors, and make energy more affordable.

Benefits of Clean Electricity Regulations

The Clean Electricity Regulations are expected to have several benefits for Canadians, including:

• Lower energy bills: Most Canadians will save on energy bills as they utilize clean electricity.
• Job creation: The regulations are expected to create good jobs in growing sectors, such as renewable energy, energy efficiency, and clean technology.
• Economic growth: The regulations are expected to attract new investment, which will help to drive economic growth.
• Climate change mitigation: The regulations are expected to accelerate progress in fighting climate change by reducing greenhouse gas emissions.

The Clean Electricity Regulations move Canadians towards a prosperous economic future. They will accelerate progress in fighting climate change while putting the country in a stronger position to attract new investment, create good jobs in growing sectors, and make energy more affordable.

Sources and Images:
climateinstitute.ca
Canada’s Net Zero Future Summary Report